SpaceX: The Biggest Money Loser in IPO History [sw1wlwahTzy]
Get an exclusive 15% discount on Saily data plans! Use code BOYLE at checkout. Download Saily app or go to This week, SpaceX filed the prospectus for what is expected to be the largest IPO in history. The document is extraordinary — part financial disclosure, part science fiction, and part governance structure that a corporate law professor has described as offering shareholders "no votes, no sales, and no suits." We look at the numbers, the products that don't yet exist, the AI business that SpaceX's own engineers won't use, the related-party transactions, the compensation package tied to a Mars colony the company admits is "improbable," and the one rocket that everything depends on. Everything I am about to tell you comes directly from the filing. Cape Fear Advisors Substack: Patrick's Books: Statistics For The Trading Floor: Derivatives For The Trading Floor: Corporate Finance: Ways To Support The Channel Patreon: Buy Me a Coffee: Visit our website: Follow Patrick on Twitter Here: Business Inquiries ➡️ [email protected] Patrick Boyle On Finance Podcast: Spotify: Apple: Google Podcasts: Join this channel to support making this content: